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Digital assets news

Universal-Investment Group launches new digital assets platform


15 December 2020 Germany
Reporter: Maddie Saghir

Generic business image for news article
Image: Sergey Nivens/Adobe Stock
Universal-Investment Group has launched Enlyte, an investment platform for digital assets worldwide.

Enlyte, which is an independent platform that offers a holistic digital concept, covers the main phases of the investment process fully digitally on a platform that includes client onboarding and the issuance of token-based structures as well as administration and reporting.

Universal-Investment Group explained that asset managers and fund initiators can use the platform to issue, manage and distribute tokens.

According to the group, digital assets will significantly broaden the available investment universe.

“The platform has been developed proprietary by the team around our Blockchain experts Daniel Andemeskel and Khai Uy Pham. Enlyte is the logical continuation of our innovation success story,” said Michael Reinhard, CEO of the Universal-Investment Group.

In the context of the current regulatory framework defined by the German financial supervisory authority BaFin, Enlyte will start with the issuance of asset-backed security tokens.

With the upcoming expansion of the regulatory framework and planned law on the introduction of digital assets eWpG (Gesetz über elektronische Wertpapiere), soon further digital assets will be made available and offered to a wider range of investors with low minimum investment in the future.

“The goal is clear, as soon as the regulatory framework allows it, we will expand our product offering to support the issuance of digital funds on the Blockchain,” says Daniel Andemeskel, Head of Innovation Management of the Universal-Investment Group.

Read more about the recently proposed digital asset legislation in Germany that is set to strengthen the country as a business location and increase transparency, market integrity and investor protection.

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